Ondo Brings Tokenized U.S. Stocks to BNB Chain as Market Doubles to $700M

Real-world asset (RWA) specialist Ondo Finance (Ondo) has expanded its tokenized securities platform to the BNB Chain BNB$1,116.05, bringing over a hundred U.S. stocks and ETFs to one of the most active blockchain networks.

The move opens access for BNB Chain’s 3.4 million daily users to buy and sell tokenized shares of companies like Apple or Tesla, as well as popular ETFs, around the clock thorugh Ondo Global Markets.

These assets are aimed primarily at non-U.S. investors who want exposure to U.S. markets but may be blocked by geographic or regulatory barriers.

Tokenized stocks took off earlier this year as digital brokerages and crypto exchanges, including Robinhood, Kraken, Bybit, Gemini started offering rading equities onchain.

Ondo’s expansion into BNB Chain brings it into closer competition with projects like Backed and Kraken’s xStocks, which also offer tokenized financial assets on BNB. This step into BNB Chain deepens the tokenized stock market’s reach into Asia and Latin America, where BNB has a strong user base.

The broader tokenized stock market has more than doubled since August to nearly $700 million currently, according to data from RWA.xyz. Since its launch in September, Ondo Global Markets has become one of the largest players in the space, with around $320 million in total value locked, per RWA.xyz.

Read more: ‘Tokenization Is Going to Eat the Entire Financial System’ Says Robinhood CEO